Collateral is one of the building blocks on which the financial markets
are constructed. Used for a number of purposes - including trading with
central counterparties (CCPs), secured funding with market
counterparties and central banks, OTC derivatives margining and
settlement - the role of effective collateral management in monetising
assets has never been more important.

Until now, policy makers have tended to ignore the complex collateral
plumbing that is fundamental to lending and enabling growth in the
economy. Attention is now focussed on this important issue.

This book, the first of its kind, is written by the leading authority on
collateral Manmohan Singh. He leads you through the complex world
highlighting the importance of financial plumbing and provides a
practical understanding of how financial collateral moves across
jurisdictions. Also, the discussion on restricting collateral velocity
and how it links to monetary policy rate cycle is original.

This is a must have guide to navigating the future as rules and
regulations for the global financial markets are redrawn.

Through a thorough examination of the role collateral plays in the
market you will gain a deeper understanding of complex and important
themes that are likely to remain topical in the near future.